Oireachtas Joint and Select Committees

Thursday, 18 May 2023

Public Accounts Committee

Financial Statements 2021: University of Limerick

9:30 am

Photo of Marc Ó CathasaighMarc Ó Cathasaigh (Waterford, Green Party) | Oireachtas source

Members of the governing authority were told that this was a decision which had to be made immediately. What is the language that was used? We had valuations tabled. The only concrete figure I have heard is the €3 million, which has been disparaged. There is a contrary figure of Dunnes Stores asking for €11 million. At least the figure of €3 million is underpinned by some sort of work. I drive a 2004 Vauxhall; I could ask for €10,000 for it but that does not mean I am going to get it. That is not a valuation. When we say there were valuations tabled, was that actually the case or was there offer and counter offer made? Those are two very different things. If valuations were tabled they were underpinned by something.

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